September 16, 2022
According to the research report titled ‘Global Dust Extractors Market Size study, by Type (Corded, Cordless), by Component (Filter, Blower, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global dust extractors market is anticipated to expand at a notable CAGR during 2022-2028.
As per reliable sources, rising construction activities worldwide and a surge in the demand for clean working conditions in the pharmaceutical sector are the major growth stimulants for global dust extractors market.
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Citing an instance, under the National Infrastructure Pipeline (NIP) for FY2019–25, the government of India GOI allotted USD 1.4 trillion. 71% of India's expected infrastructure investments are in fields like transportation (including highways), energy, urban development, and railroads.
For the unversed, dust extractors are systems that are employed to raise the standard of quality of the air emitted by commercial and industrial operations. Getting rid of undesired dust, debris, and pollutants from the area where it is installed is the main function of a dust extractor.
Furthermore, increasing government regulations are expected to augment industry outlook in the coming years.
However, high maintenance costs of the equipment may hamper market expansion during the forecast duration.
Based on type, the industry is split into cordless and corded. In terms of component, the market is divided into blower, filter, and others.
Regionally, Europe industry captures a substantial revenue share at present and is slated to log tremendous growth during the assessment period, owing to soaring awareness of and need for employee safety in the region.
Whereas Asia Pacific market is poised to grow substantially over the anticipated timeframe, due to requirements for clean working environments given the rapid rate of industrialization & upgradation happening in the region.
Moving on to competitive landscape, Festool, C. & E. Fein GmbH, C & E Limited, Robert Bosch GmbH, Hitachi Ltd., Makita Corporation, Dynabrade Inc., Yachtgarage Srl, Mumatic Sarl, DeWalt, and Eurovac/Clean Air Technologies Inc. are the leading players in global dust extractors industry.
These players use a range of effective strategies to increase their market share and obtain an advantage over other competitors. Product launches, alliances, and mergers & acquisitions are a few of the tactics used by market participants.